This document provides an overview of macro marketing environment factors. It discusses the key components of the marketing environment including the internal environment, microenvironment, and macroenvironment. The macroenvironment consists of large societal and industry influences outside of a company's control such as political, economic, social, technological, environmental, and demographic factors. These macro factors are important for companies to consider when planning marketing strategies. The document also provides an example of using a PEST analysis to evaluate the macroenvironment and discusses how companies can respond either passively or aggressively to changes in the marketing environment.
2. Group Members
Names
• Md Afsar Ali
• Sonika Kumari
• Abhishek Raj
• Jigesh Sharma
• Pooja Kumari
Roll Numbers
82
103
66
78
86
3. Contents
1. Marketing Environment
2. Components of Marketing
Environment
3. Why Is is Important ?
4. Aspects Of Marketing Environment
5. Macro Environment
6. Factors Effecting Macro
Environment
7. PEST ANALYSIS
8. Indian Market Environment
9. Responds to Market Environment
10. Controllability
11. Conclusion
4. Marketing Environment
• The marketing environment surrounds and impacts upon the
organization.
• There are three key elements to the marketing environment which
are the internal environment, the microenvironment and the macro
environment. Why are they important? Well marketers build
both internal and external relationships. Marketers aim to
deliver value to satisfied customers, so we need to assess and
evaluate our internal business/corporate environment and our
external environment which is subdivided into micro and macro
5. COMPONENTS OF MARKETING
ENVIRONMENT
• Internal environment : Forces and actions inside the firm
that affect the marketing operation composed of internal
stake holders and the other functional areas within the
business organization.
• External environment
• Macro environment
• Micro environment
6. WHY IS IT
IMPORTANT ?
An understanding of macro and
micro marketing environment
forces is essential for planning.
Helps a business to compete more
effectively against its competitors.
Assists in the identification of
opportunities and threats.
Help maintains economic stability
and Developments
8. Macro environment
The macro environment is less controllable. The macro
environment consists of much larger wide-ranging
influences (which impact the microenvironment) from the
broader global society. Here we would consider culture,
political issues, technology, the natural environment,
economic issues and demographic factors amongst others.
10. Political Environmental
• Government actions which affects
the operations of a company or
business. These actions may be on
local, regional, national or
international level. Business
owners and managers pay close
attention to the
political environment to judge how
government actions will affect their
company.
Economic environment
• Economic Environment are the
economic factors that have effects
on the working of the business. It
includes system, policies and
nature of an economy, trade
cycles, economic resources, level
of income, distribution of income
and wealth. It is very dynamic and
complex in nature and does not
remain the same.
11. Social and cultural forces
• Social responsibility has move
slowly into the marketing literature
as an alternative to the market
concept.
• Socially responsible marketing is
that business firms should take the
lead in eliminating socially harmful
products.
Demographical Forces
• Demographic data helps in
preparing geographical marketing
plans, household marketing plans,
age and sex wise plans.
• It influences behavior of
consumers which in turn will have
direct impact on market place.
• A marketer must communicate
with consumers anticipate
problems ,respond to complaints
and make sure that the firm
operates properly.
12. Technological Environment
• The technological environment:
application of knowledge in
science, inventions, and
innovations to solve problems
• The most dramatic force
shaping our destiny is
technology – Internet, wifi Zone
• Technology has affected
hospitality in many ways like e-
ticket, checking in Airport etc.
Natural Forces
The natural environment consists
of many amenities that attract
tourists, such as Conserve natural
habitats, resources, endangered
species, minimise environmental
impact, recycling, energy efficient
products and clean air.
13. A PEST Analysis fits into an overall environmental
scan, which includes Political, Economical, Social,
and Technological environment.
A scan of the external macro environment in which
the firm operates can be expressed as a pest
analysis.
The acronym PEST (or sometimes rearranged as
“STEP”) is used to describe a framework for the
analysis of these macro environmental factors.
14. Indian Market Environment
Demographic Scene
a) Close to 1.5 billion population.
b) India literacy Rate over
74.04%
c) Diverse Religion and
Languages.
Economic Scene
a) Top Ten Economy of the world
Our GDP is growing 7.6% p.a
• Agricultural 16 %
• Industry 24 %
• Services 60 %
One of the fastest Growing
economy of the world.
16. CONTROLLABILITY
• The organization has no control over the macro environment. It
can only respond to the changes taking place.
• The organization has some degree of influence over the micro
environment but by no means complete control.
• The organization controls its own internal environment although
this does not mean the marketing department or marketing
manager has control.
17. Macro environmental factors are those factors which are
beyond the scope of control of an organization.
An organization can alter its own policies as per the macro
environmental conditions but not the condition itself.
The organization ,though a mechanized body in itself
cannot work in isolation and is always under the influence
of the external forces viz. macro environment.
CONCLUSION